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Trump's Final Numbers, lost 2.9 Million Jobs, unemployment rose from 4.7% to 6.3%

Discussion in 'BBS Hangout: Debate & Discussion' started by adoo, Mar 8, 2024.

  1. adoo

    adoo Member

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    Trump’s Final Numbers, Statistical indicators of President Trump's four years in office.

    Trump was the only POTUS, post WW2, whose policies have have led to a net loss in job creaton. Also, His administration had hyped about infrastructure week 8 times; nothing got done, not even a plan.


    • The economy. during the Trump presidency, lost 2.9 million jobs. The unemployment rate increased by 1.6 percentage points to 6.3%.
    • Paychecks grew faster than inflation. Average weekly earnings for all workers were up 8.7% after inflation.
    • After-tax corporate profits went up, and the stock market set new records. The S&P 500 index rose 67.8%.
    • The international trade deficit Trump promised to reduce went up. The U.S. trade deficit in goods and services in 2020 was the highest since 2008 and increased 40.5% from 2016.
    • The number of people lacking health insurance rose by 3 million.
    • The federal debt held by the public went up, from $14.4 trillion to $21.6 trillion.
    • Home prices rose 27.5%, and the homeownership rate increased 2.1 percentage points to 65.8%.
    • Illegal immigration increased. Apprehensions at the Southwest border rose 14.7% last year compared with 2016.
    • Coal production declined 26.5%, and coal-mining jobs dropped by 16.7%. Carbon emissions from energy consumption dropped 11.5%.
    • Handgun production rose 12.5% last year compared with 2016, setting a new record.
    • The murder rate last year rose to the highest level since 1997.
    • Trump filled one-third of the Supreme Court, nearly 30% of the appellate court seats and a quarter of District Court seats.


    [​IMG]
     
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  2. adoo

    adoo Member

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  3. JuanValdez

    JuanValdez Contributing Member

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    There are three kinds of lies: lies, damned lies, and statistics.

    I'm not really yearning to defend Trump nor to give him any credit. But Covid puts a big ass asterisk on any number you quote from his presidency, making these kinds of arguments unpersuasive. The metrics should be cut off circa February 2020 because everything went to hell in March.
     
  4. Jugdish

    Jugdish Member

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    Yeah, and Trump had nothing to do with that.
     
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  5. Invisible Fan

    Invisible Fan Contributing Member

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    Petty distortions are @adoo's thing.

    Trump paid for his bungling of covid by losing to Biden.

    Donny can only shift blame for the lockdown on Fauci and nanny Blue state governors, but no one really wanted to go out at that time except for the 30 under group, who were doing "essential work" delivering and supplying food for the rest of us.
     
  6. Amiga

    Amiga 10 years ago...
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    Absolutely.

    It is as unpersuasive as blaming Biden for inflation when COVID-19 was a major contributor to the supply chain disruptions that led to worldwide inflation.

    However, there is some nuance that can be had. Many here have ignored most if not all of it, though.

    How did the U.S. economy perform relative to other countries while X was the President before, during, and post COVID-19?
     
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  7. adoo

    adoo Member

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    if only you can specify.

    you can't, just like you can't explain your parroted claim that the Fed is wrecking its balance sheet​
     
  8. Invisible Fan

    Invisible Fan Contributing Member

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    Well that's one :D I've already stated that the Fed is running 100B losses last year on it's account that it'll have to square with the Treasury in the future.

    Just because it doesn't have to in the near future doesn't mean there aren't second order effects, primarily the ~$8,000,000,000,000 it has to square away when asset markets have priced that fat amount in.

    Here's another since you're parroting my "prove it" stance:
    https://bbs.clutchfans.net/threads/a-tale-of-two-economies.320573/
    You tried to compare Russia and America's economies and make it look like Biden and Powell were genies doing magic. Did the Ministry of Truth give you a raise for that whopper?

    Just a reminder to back up your claims on what you think I said.

    You don't want to be a baseless parrot!​

    SQUAWK
     
  9. adoo

    adoo Member

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    latest eg of Invisible cutting n pasting convenient spins without understanding what they mean
     
  10. Invisible Fan

    Invisible Fan Contributing Member

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    Don't be "lazy."

    Help me understand your distortions :D
     
  11. JuanValdez

    JuanValdez Contributing Member

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    It still amounts to cherry-picking. We can blame him for a terrible covid response, but it isn't useful to have in these metrics. He got the downturn and Biden got the recovery. That's all this can show me.
     
  12. Reeko

    Reeko Member

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    Trump also inherited the work Obama had done

    When is the last time a Democrat didn’t inherit an economy that’s gone to sh*t? They always have to spend at least half their presidency cleaning up the Republican mess
     
  13. Phillyrocket

    Phillyrocket Member

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    Speaking of lies did Mexico even pay for that wall and did we ever get that Obamacare replacement greatest ever healthcare plan?
     
  14. Xopher

    Xopher Member

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    Yes. Right before Trump' infrastructure week.
     
  15. rocketsjudoka

    rocketsjudoka Contributing Member
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    I can agree that it’s unfair to pin CoVID economic downturn on Trump. It is absolutely fair though to note that he didn’t do things like getting infrastructure passed and that his trade war actually hurt US manufacturers and farmers.
     
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  16. rocketsjudoka

    rocketsjudoka Contributing Member
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    I remember during the Obama presidency many on the Right were claiming the economy was actually terrible. Then all of sudden on Jan.21, 2017 the economy was suddenly great.
     
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  17. Amiga

    Amiga 10 years ago...
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    The US's unemployment increase, under Trump, did much worse relative to other countries during Covid.

    [​IMG]

    [​IMG]
     
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  18. adoo

    adoo Member

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    just the facts

    One of Trump's top campaign agenfa was to rebuild the infrastructure thru out the US, to the tune of devoting > $100 billion on it. during his 4 yrs in office, his team had hyped up infrastructure week ~~8 times.

    nothing was done, even tho Trump had the benefit of a GOP-controlled Congress,
    not even a plan !

    had his team been serious about infrastructure, a bill could have been easily passed. such a bill would have led to more employment

     
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  19. Amiga

    Amiga 10 years ago...
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    You remember correctly. Polling in America on the state of the economy did a "flip" right after Trump took office, driven by a specific group that changes its mind fairly quickly. (It did another flip when Biden took office, driven largely by the same group.)

    [​IMG]
     
  20. Air Langhi

    Air Langhi Contributing Member

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    If you took jobs created right before covid and from when trump started biden still has a pretty big lead.
     

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